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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The below tables illustrate the Company’s stock based compensation, unamortized stock-based compensation, and remaining weighted average period for the three months and nine months ended September 30, 2015 and 2014.

		Stock-Based Compensation for the Three months ended				Stock-Based Compensation for the Nine months ended				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
September 30, 2015
Incentive Stock Options		$	94			$	325			$	1,009				2.3
Restricted Stock			334				2,296				2,751				1.5
Performance Based Restricted Stock			18				222				686				1.8
Performance Based Options			12				100				373				2.2
Total		$	458			$	2,943			$	4,819
September 30, 2014
Incentive Stock Options		$	—			$	21			$	—				—
Restricted Stock			1,139				2,958				6,069				1.9
Performance Based Restricted Stock			101				67				1,404				2.4
Total		$	1,240			$	3,046			$	7,473

Summary of Option Activity

Option activity within each plan is as follows:

		Incentive Stock Option Plans				Weighted Average Price Per Share				Exercisable Weighted Average Price Per Share
Balance outstanding, December 31, 2014			724,904			$	9.22			$	7.82
Options exercised, $7.50			(16,650	)			7.50
Options forfeited, $11.49 and $13.24			(10,400	)			11.49
Balance outstanding, March 31, 2015			697,854			$	9.21			$	7.71
Options exercised, $7.50			(34,800	)			7.50
Options forfeited, $11.49			(2,481	)			11.49
Balance outstanding, June 30, 2015			660,573			$	9.29			$	7.72
Options exercised, $7.50			(4,000	)			7.50
Options forfeited, $11.49			(22,582	)			11.49
Balance outstanding, September 30, 2015			633,991			$	9.25			$	7.73

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at September 30, 2015 summarized by exercise price is as follows:

		Outstanding Weighted Average												Exercisable Weighted Average
Exercise Price Per Share		Shares				Remaining Life (Months)				Exercise Price				Shares				Exercise Price
Incentive Stock Option Plan:
$7.50			361,750				62			$	7.50				361,750			$	7.50
$11.32—$11.49			272,241				107			$	11.56				16,679			$	12.69
			633,991							$	9.25				378,429			$	7.73

Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding

The weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding as of September 30, 2015 was as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of September 30, 2015:
Incentive Stock Option Plans:
Outstanding			633,991			$	9.25				82			$	1,489
Expected to Vest			623,148			$	9.21				81			$	1,488
Exercisable			378,429			$	7.73				62			$	1,471

Performance Based Options

Summary of Option Activity

Performance option activity is as follows:

		Incentive Stock Option Plans				Weighted Average Price Per Share				Exercisable Weighted Average Price Per Share
Balance outstanding, December 31, 2014			107,689			$	11.49			$	—
Options forfeited, $11.49			(9,279	)			11.49
Balance outstanding, September 30, 2015			98,410			$	11.49			$	—

Summary of Stock Options Summarized by Exercise Price

Information relating to outstanding stock options at September 30, 2015 summarized by exercise price is as follows:

		Outstanding Weighted Average												Exercisable Weighted Average
Exercise Price Per Share		Shares				Remaining Life (Months)				Exercise Price				Shares				Exercise Price
Performance Incentive Stock Option Plan:
$11.49			98,410				27			$	11.49				—			$	—
			98,410							$	11.49				—			$	—

Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding

The weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding as of September 30, 2015 are as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of September 30, 2015:
Incentive Stock Option Plans:
Outstanding			98,410			$	11.49				27			$	7
Expected to Vest			54,692			$	11.49				27			$	4
Exercisable			—			$	—				—			$	—

Restricted Stock

Summary of Non-Vested Shares

Restricted Shares—A status summary of non-vested shares as of and for the nine months ended September 30, 2015 and 2014 is presented below:

		Nine Months Ended       September 30, 2015								Nine Months Ended       September 30, 2014
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			560,842			$	21.44				376,702			$	24.85
Granted			30,000				11.42				—				—
Vested			(192,266	)			20.47				(1,000	)			31.83
Forfeited			(422	)			14.92				(1,840	)			24.23
Nonvested shares at March 31st			398,154			$	21.17				373,862			$	24.83
Granted			21,005				14.28				240,724				14.81
Vested			(28,505	)			13.53				(23,478	)			13.84
Forfeited			(1,201	)			14.92				—				—
Nonvested shares at June 30th			389,453			$	21.37				591,108			$	21.19
Granted			13,196				12.88				—				—
Vested			(19,000	)			27.93				(4,000	)			12.16
Forfeited			(26,723	)			22.64				(6,104	)			14.92
Nonvested shares at September 30th			356,926			$	20.62				581,004			$	21.32

Performance Based Restricted Stock

Summary of Non-Vested Shares

Performance Based Shares—A summary of non-vested performance based shares as of and for the nine months ended September 30, 2015 and 2014 is presented below:

		Nine Months Ended       September 30, 2015								Nine Months Ended       September 30, 2014
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			103,907			$	17.77				24,637			$	28.28
Granted			7,500				10.96				—				—
Nonvested shares at March 31st			111,407			$	17.31				24,637			$	28.28
Granted			—				—				79,270				14.51
Nonvested shares at June 30th			111,407			$	17.31				103,907			$	17.77
Granted			3,196				12.37				—				—
Forfeited			(10,200	)			18.43				—				—
Nonvested shares at September 30th			104,403			$	17.05				103,907			$	17.77

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